Bitcoin Touches New Milestone With 90% of Total Supply Mined

Posted on by American Coins & Gold

Bitcoin Touches New Milestone With 90% of Total Supply Mined
90% of all bitcoin has been mined as of Monday morning, according to data from blockchain tracker Blockchain.com. The feat means 18.89 million bitcoins — of a maximum of 21 million — are now on the open market.Reaching the milestone took nearly 12 years since the first bitcoins were mined on Jan. 9, 2009. However, the remaining supply is not expected to be mined till February 2140, based on network activity estimates and Bitcoin’s halving schedules.Prices have mirrored the increasing supply as demand for newer bitcoin heats up. The asset exchanged hands for less than $0.10, when 10% of the…